2540 1ST AVENUE
ST PETERSBURG, FL 33713
About this home
Unlock a high-yield, multi-stream investment strategy in the heart of the Grand Central District. Clemmons Court introduces a revolutionary "Live-Work-Earn" model that caters to the modern professional and the portfolio-minded investor alike. Situated in a coveted Non-Flood Zone (Zone X) and Non-Evacuation Zone, this newly built city retreat offers 2,965 total square feet of thoughtful design and unmatched versatility. The primary residence is a sleek 2,050 sq ft home featuring three bedrooms, 3.5 bathrooms, engineered hardwood floors, marble finishes, and custom wood cabinetry. But the real draw lies in the TWO DISTINCT PASSIVE INCOME PLAYS BUILT DIRECTLY built directly into the site plan: INVESTMENT STREAM 1: Capitalize on the 538 sq ft ground-floor commercial retail space. With a private entrance on First Avenue N and its own half-bath, it’s a turnkey opportunity for a boutique storefront, a high-end personal office, or a steady commercial lease. INVESTMENT STREAM 2: The property includes a detached two-car garage topped by a 377 sq ft Accessory Dwelling Unit (ADU). This self-contained suite—complete with a full kitchen, bathroom, and walk-in closet—is a ready-to-go rental engine or guest house. Whether you occupy the main house and let the retail and ADU units cover your mortgage, OR LEASE ALL THREE COMPONENTS for a triple-threat ROI, the math works. The four single-family homes of Clemmons Court encircle a private, European-style courtyard, offering a quiet escape just steps from the high-energy pulse of St. Pete. You’re perfectly positioned near the city's most talked-about spots: grab coffee at Bandit, dinner at Mythos, or drinks at WildChild. This is a rare chance to own a piece of a limited-edition community designed for the future of urban living. September 2026 delivery. Maximize your portfolio with a property that works as hard as you do.
Facts & features
Interior
- Bedrooms
- 3
- Bathrooms
- 6
- Living area
- 2,965 sqft
- Heating
- Central, Electric, Exhaust Fan
- Cooling
- Central Air, Mini-Split Unit(s)
- Flooring
- Hardwood, Tile
- Features
- Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, PrimaryBedroom Upstairs, Solid Wood Cabinets…
Exterior & lot
- Lot size
- 2,000 sqft (0.04 ac)
- Roof
- Shingle
- Construction
- HardiPlank Type, Frame
- Exterior
- Balcony, Fence, Lighting, Private Entrance, Rain Gutters, Sidewalk
Parking
- Garage
- 2 spaces
Financial
- HOA dues
- $175 / monthly
- Annual tax
- $7,899 (2025)
- Price / sqft
- $470/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities
Property
- Property type
- Multi-Family
- Year built
- 2025
- Subdivision
- CLEMMONS COURT
- County
- Pinellas
Listing
- Status
- Active
- Days on market
- Today
- MLS #
- MFR802966111
- Source
- Stellar MLS
Listed by Tess Mullinax · COMPASS FLORIDA LLC
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 22 comparable sales within 1 mile of ST PETERSBURG, FL, this home is priced over RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $7,046/mo
- Property tax
- $658/mo
- Home insurance
- $200/mo
- HOA dues
- $175/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own bill; insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 17, 2026 | Listed | $1,393,500 | — |
NeighbourhoodSample data
Reference scores for ST PETERSBURG, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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